Guwar prices recorded exceptional rise; other commodities move both ways

Guwar rose sharply, Basmati rice , wheat, gur, ginger, til, castorseeds and Irri-6 Sindh rose on the seed and grain markets during the week ended on March 3, 2012, while some commodities went down slightly or stayed put.

On Tuesday moong Punjab was quoted up at Rs 8500, wheat old and new gained and was quoted at Rs 2690 and Rs 2750. Guwar Sindh gained Rs 100 to Rs 1900 and Rs 2000, cottonseed oilcake with bag in Sindh low type gained Rs 50 to Rs 500 and fine variety down by Rs 250 to Rs 600.

On Friday commodity items showed no change as almost all the participants were busy in preparations for Juma prayers.

On Saturday panic buying of guwar by exporters pushed the rates sharply higher in Sindh and Punjab rose by Rs 5000 to Rs 24000 and Rs 25000, gur prices went up sharply on strong demand as low type gained Rs 400 to 4400 and best quality was higher by Rs 500 to Rs 5500, wheat old Bardan rose by Rs 10 to Rs 2720 and wheat new bardan picked up Rs 20 to Rs 2750, other items retained the overnight levels in process of trading. On the grams sector gram 50x50 prices dropped by Rs 100 to Rs 8100-8400, yellow peas dal Canada shed the same amount to Rs 5000-5200, yellow peas Ukraine also lost the equal amount to Rs 4250-4450 and yellow peas dal Ukraine dropped by Rs 150 to Rs 4750-4950. On the seed counter cottonseed oilcake with bag Sindh low type did not show any change at Rs 500 while the good quality gained Rs 200 to Rs 800, they said.